EUR/USD – 30M – BUY

The combination Euro/US Dollar (EUR/USD) jumps from the descending trendline upwards

A bullish ascent upwards to the next resistance level at 1.16816 is expected.

Caution: A possible counter-trend in the direction of the support level at 1.16406 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 1.16611 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.16816 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.16816 – 1.16773 – 1.16749 – 1.16406 – 1.16518 – 1.16526 —
1.16482 – 1.16494 —
41.656160913742 – 43.889352416632 —
– —
1.16816 – 1764844200

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –